Current account balance (credit less debit), Net (credits less debits) in Ghana
Ghana: Current account balance (credit less debit), Net (credits less debits) was 1.68 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Ghana, 2005–2024
Source: International Monetary Fund.
Analysis
Ghana recorded 1.68 billion for current account balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 328.8% on the previous year and up 145.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Ghana peaked at 1.68 billion in 2024 and was at its lowest, -5.70 billion, in 2013.
That places Ghana 49th out of 198 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.10 billion | — |
| 2006 | -1.06 billion | -4.4% |
| 2007 | -2.38 billion | +125.2% |
| 2008 | -3.33 billion | +39.9% |
| 2009 | -1.90 billion | -43.0% |
| 2010 | -2.75 billion | +44.8% |
| 2011 | -3.54 billion | +28.9% |
| 2012 | -4.91 billion | +38.7% |
| 2013 | -5.70 billion | +16.1% |
| 2014 | -3.69 billion | -35.2% |
| 2015 | -2.82 billion | -23.6% |
| 2016 | -2.83 billion | +0.3% |
| 2017 | -2.00 billion | -29.3% |
| 2018 | -2.04 billion | +2.1% |
| 2019 | -1.86 billion | -8.8% |
| 2020 | -2.13 billion | +14.5% |
| 2021 | -2.24 billion | +5.1% |
| 2022 | -1.72 billion | -23.2% |
| 2023 | -734.50 million | -57.4% |
| 2024 | 1.68 billion | -328.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.95 billion | -3.33 billion | -1.06 billion | 5 |
| 2010s | -3.22 billion | -5.70 billion | -1.86 billion | 10 |
| 2020s | -1.03 billion | -2.24 billion | 1.68 billion | 5 |
Countries ranked near Ghana
More financial sector data for Ghana
- Net domestic credit (current LCU), per capita 7,823 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 3.23 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 13.42 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 9.84 million SDR (2023)
- Gold reserves at market value 431.95 million SDR (2023)
- Reserves excluding gold, foreign exchange 3.34 billion SDR (2024)
- Reserves excluding gold 3.43 billion SDR (2024)
- Total reserves (gold at market value) 3.43 billion SDR (2024)
- Total reserves (gold at national valuation) 5.36 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 155.67 SDR per person (2024)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Ghana?
- Current account balance (credit less debit), net (credits less debits) in Ghana was 1.68 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Ghana?
- The highest recorded value was 1.68 billion in 2024.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Ghana?
- The lowest recorded value was -5.70 billion in 2013.
- How does Ghana rank for current account balance (credit less debit), net (credits less debits)?
- Ghana ranks 49th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Ghana?
- Over the last ten years it is up 145.5%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.